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CBSE Class 10th Economics Passage Based Questions Chapter 5 Consumer Rights

Passage 1: Understanding Consumer Rights

Consumer rights are essential protections that ensure individuals can make informed choices when purchasing goods and services. In many countries, consumers have specific rights, such as the right to safety, the right to be informed, and the right to choose. The right to safety means that products must meet safety standards to protect consumers from harm. The right to be informed ensures that consumers have access to accurate information about products, including ingredients, usage, and potential risks. Additionally, the right to choose allows consumers to select from a variety of options, fostering competition and preventing monopolies in the market.

Questions and Answers:

Question 1: What are consumer rights?
Answer: Consumer rights are protections that ensure individuals can make informed choices when purchasing goods and services.

Question 2: What is the right to safety?
Answer: The right to safety means that products must meet safety standards to protect consumers from harm.

Question 3: Why is the right to be informed important for consumers?
Answer: The right to be informed is important because it ensures that consumers have access to accurate information about products.

Question 4: What does the right to choose allow consumers to do?
Answer: The right to choose allows consumers to select from a variety of options, fostering competition in the market.

Question 5: How do consumer rights benefit the market?
Answer: Consumer rights benefit the market by promoting competition and preventing monopolies.


Passage 2: The Importance of Consumer Awareness

Being aware of consumer rights is crucial for individuals to protect themselves in the marketplace. Many consumers may face issues such as defective products, misleading advertisements, or poor customer service. Understanding their rights empowers consumers to take action when they encounter problems. For example, if a product is faulty, consumers have the right to demand a replacement or refund. Additionally, many countries have established consumer protection agencies to help address complaints and educate the public about their rights. By being informed, consumers can make better choices and hold businesses accountable for their actions.

Questions and Answers:

Question 1: Why is consumer awareness important?
Answer: Consumer awareness is important because it helps individuals protect themselves in the marketplace.

Question 2: What issues might consumers face without awareness of their rights?
Answer: Consumers might face issues such as defective products, misleading advertisements, or poor customer service.

Question 3: What can consumers do if they receive a faulty product?
Answer: Consumers have the right to demand a replacement or refund for a faulty product.

Question 4: What role do consumer protection agencies play?
Answer: Consumer protection agencies help address complaints and educate the public about their rights.

Question 5: How does being informed help consumers?
Answer: Being informed helps consumers make better choices and hold businesses accountable for their actions.

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